Global Biometrics in BFSI Market Size, Status, Growth Opportunity, Region, Application and Forecast to 2025

The market for Biometrics in BFSI Market is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled “Global Biometrics in BFSI Market Size, Status and Forecast 2025” which offer details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the Biometrics in BFSI Market sector is highlighted in the report which indicates a prosperous future.

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This report studies the global Biometrics in BFSI market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Biometrics in BFSI market by companies, region, type and end-use industry.

Banks around the world are increasingly opting biometrics to authenticate customers accessing their services. This trend is not limited to banks; other financials outfits are also taking up biometric authentication to identify customers and safeguard resources. Increasing cases of financial fraud, identity theft, and threats from cyberspace have made banks to restructure their identity practices and biometrics in banking and financial services offers the solution. Most banking customers are tech-savvy nowadays and expect a friction-less access to banking services but password based identity solution fails keep up with expectations, however, with biometrics in banking, things seems to be changing now.
The BFSI sector is increasingly focusing on providing the highest level of security to their customers by reducing identity duplication. With changing consumer preferences and introduction of new payment methods, it has become imperative for banks to transform the payments and card (PCI) industry digitally. This has led to the introduction of new payment methods such as PIN cards, mobile wallets, and EMV chips. With the advances in technology, the number of frauds and forgeries are also increasing, thereby increasing the need for a solution which is difficult to duplicate. Several banks are adopting biometrics to prevent fraud and protect customers information from being compromised. One of the recent trends gaining significant traction in the market is the increasing adoption of vein recognition in ATMs and POS terminals. Banks and financial institutions in emerging economies like India, China, Mexico, and Brazil has readily adopting vein recognition biometrics to verify the identity of their customers. North America accounted for the largest share of the market and is likely to dominate the market until the end of 2020. Factors such as increased awareness among the organizations in the BFSI sector about the benefits of deployment of biometrics and the presence of many large financial institutions and companies in the region will contribute to this markets growth in the region.
In 2017, the global Biometrics in BFSI market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.

This report focuses on the global top players, covered
Cross Match Technologies
Fujitsu
HID Global
M2SYS
Safran
...

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India

Market segment by Type, the product can be split into
Voice Recognition
Vein Recognition
Iris Recognition
Facial Recognition
Fingerprint Identification

Market segment by Application, split into
Door Security
Log-In Management for PCs
Log-In Management for ATMs
Log-In Management for POS Terminals
Log-In Management for Banking

Browse Full Report with Table of Content:  https://www.marketresearchhub.com/report/global-biometrics-in-bfsi-market-size-status-and-forecast-2025-report.html

Table of Content:

Global Biometrics in BFSI Market Size, Status and Forecast 2025
1 Industry Overview of Biometrics in BFSI
1.1 Biometrics in BFSI Market Overview
1.1.1 Biometrics in BFSI Product Scope
1.1.2 Market Status and Outlook
1.2 Global Biometrics in BFSI Market Size and Analysis by Regions (2013-2018)
1.2.1 United States
1.2.2 Europe
1.2.3 China
1.2.4 Japan
1.2.5 Southeast Asia
1.2.6 India
1.3 Biometrics in BFSI Market by Type
1.3.1 Voice Recognition
1.3.2 Vein Recognition
1.3.3 Iris Recognition
1.3.4 Facial Recognition
1.3.5 Fingerprint Identification
1.4 Biometrics in BFSI Market by End Users/Application
1.4.1 Door Security
1.4.2 Log-In Management for PCs
1.4.3 Log-In Management for ATMs
1.4.4 Log-In Management for POS Terminals
1.4.5 Log-In Management for Banking

2 Global Biometrics in BFSI Competition Analysis by Players
2.1 Biometrics in BFSI Market Size (Value) by Players (2013-2018)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future

3 Company (Top Players) Profiles
3.1 Cross Match Technologies
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Biometrics in BFSI Revenue (Million USD) (2013-2018)
3.2 Fujitsu
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Biometrics in BFSI Revenue (Million USD) (2013-2018)
3.3 HID Global
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Biometrics in BFSI Revenue (Million USD) (2013-2018)
3.4 M2SYS
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Biometrics in BFSI Revenue (Million USD) (2013-2018)
3.5 Safran
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Biometrics in BFSI Revenue (Million USD) (2013-2018)

4 Global Biometrics in BFSI Market Size by Type and Application (2013-2018)
4.1 Global Biometrics in BFSI Market Size by Type (2013-2018)
4.2 Global Biometrics in BFSI Market Size by Application (2013-2018)
4.3 Potential Application of Biometrics in BFSI in Future
4.4 Top Consumer/End Users of Biometrics in BFSI

….. Read More

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